It’s time for the World Bank to close its doors

(October 22, 1996) For more than decade, citizens’ groups around world have been trying stop World Bank from wreaking environmental havoc, financial ruin, social harm throughout Third World. Bank’s charismatic president, James Wolfensohn, has pledged change “culture” Bank increase “openness, partnership, accountability, effectiveness Bank.”

EGAT cancels plans to purchase power from controversial dam in Laos

(October 1, 1996) The Electricity Generating Authority of Thailand has cancelled plans to purchase electricity from the Nam Theun 2 hydro dam, reports the Bangkok daily, The Nation. EGAT’s announcement may be the final blow for the dam’s developers, who have sunk US$30 million into the project so far but have failed to secure either World Bank or commercial financing.